What Is Quantstamp (QSP)?

What Is Quantstamp (QSP)?

Quantstamp: The Fundamentals
Quantstamp is without doubt one of the younger class of cryptocurrencies & the primary protocol that has the smart contract security infrastructure for Ethereum. The coin is gaining traction because it aims to carry out safety audits on all of the smart contracts on the Ethereum network.

What's Quantstamp
Quantstamp is an open protocol that secures Ethereum smart contracts by generating scalable and cost-effective system to audit smart contracts on its blockchain.
The Quantstamp cryptocurrency is denoted by the image QSP. Its total provide is 1 billion QSP.
Quantstamp’s ICO began on 7 November 2017 & ended on 15 November 2017.
Quantstamp checks solidity programs utilizing an automatic and upgradeable software verification system & catches sophisticated attacks. It additionally rewards its participants by an automated bounty payout system for identifying the errors in smart contracts.
Quantstamp Development
Quantstamp is co based by Steven Stewart & Richard Ma. Other founding members are
Dr. Vajih Montaghami , Ed Zulkoski & Vijay Ganesh. All these members hold rich experience in massive scale data evaluation, optimisation & automation.
Its entire development team boasts of expert software testers who collectively hold over 500 Google Scholar citations.

2 - Quantstamp Technology
The usage of proof-of-audit validates protocol for security audits & additionally rewards individuals with QSP tokens when they compute resources which are used for checking smart contracts run by validator nodes.
The transaction will be allowed only if the smart contract is verified by the validator & if verification is unsuccessful then the tokens are either automatically returned to the sender or freezed till the involved entity fixes the safety violations.
The network & transaction protocols are handled by Ethereum handles whereas the nodes for the validation protocol for safety audits is held by Quantstamp.
Protocol upgrades are made utilizing time-locked multisig wherein the speed of execution of the upgrades will probably be dependent on number of approvals the transaction has. If all members approve of an upgrade then it may be executed within an hour.
The Safety Audit Engine which interacts with the security library for enabling access to safety checks (to be performed) and properties (to be verified) is predicated on discrete arithmetic, logic and computer science. Its tradecraft makes use of the next framework:
SAT solvers (satisfiability) are used to help the software verification tools which are modeled as Boolean formulas. After they detect bugs that may be solved / fixed, SAT solver reports "satisfiable" & if resolution does not exist then it reports "unsatisfiable."
Model checking detects inconsistencies in the behavior of codes in all attainable system states in a brute-pressure manner.
Symbolic execution generates new test cases for finding bugs.
SMT solvers discover the satisfiability of SAT solvers, perform software verification, programming languages, test case generation, etc.
Static analysis is used for the detecting potential null pointer bugs and to check whether the device is complying with the Application Programming Interface utilization requirements or not.
Quantstamp automatically performs security checks on the smart contract code in a trustless manner. This protects against manipulation of outcomes as the end-customers directly submit programs for verification.
The Quantstamp protocol produces verified smart contracts with proof-of-audit hash which consists of verifier’s version of the safety library. This helps in mitigating the risks from third parties from slipping into the smart contracts.
After certification of a contract, the verifier generates a proof-of-audit hash for which they're rewarded with a token fee.
The verifiers/ miners run validation node software that's used to watch the updates on the Quantstamp validation smart contract. This service is charged & therefore ensures that verifiers do not manipulate the contract.
The time taken by upgrades turns into twice for every 5% of members who do not solid their vote by multisig & becomes four times in the event that they vote against ( by voting towards the upgrade, the member effectively cancels out one of many different approved signatures). This ensures strict governance.

three - Learn how to Buy and Store Quantstamp?
Learn how to buy Quantstamp / Easy methods to purchase QSP
Quantstamp cash are used to however the smart contract verification providers of Quantstamp. It's available to trade on exchanges like EtherDelta, Binance, KuCoin, etc. But it may get tough to get one of the best value for your transactions. This is the place CoinSwitch steps in.

While cryptocurrency exchanges provide you with a platform to purchase or sell the Quantstamp cryptocurrency, CoinSwitch, the largest cryptocurrency conversion platform, is available in to help you make the right decision by providing the prices for QSP. This way you may choose the perfect deal for you!
You can also buy, sell and trade over 300 cryptocurrencies for the QSP crypto. It offers interchangeability and unified expertise for all cryptocurrencies with a wide offering from all major exchanges.
Quantstamp Storage
Quantstamp is an ERC-20 token, which means it is supported by any Ethereum wallet natively. It may be stored in the following wallets:

- MyEtherWallet

- Coinomi

- MetaMask, etc.